AMD slips premarket ahead of Q3 results amid tech weakness
AMD shares fell over 2% in Tuesday premarket session amid weak tech sentiment ahead of its Q3 results. Analysts expect EPS of $1.17 on $8.75 billion revenue, with focus on data centre growth and next-gen MI450 chips. Morgan Stanley sees limited near-term GPU upside, though AMD stock remains up 115% year-to-date.